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Miami real estate refuses to quit

Published January 20th, 2016 by Devteam

The Big Apple might have it all, but it definitely doesn’t have good weather — especially now.

Fed up with cold, dark days, deep-pocketed New Yorkers are buying second homes in sunny Miami. And despite reports of a market slowdown, there are still plenty of projects both ready for occupancy and still in development.

The residences currently available range in styles and tastes. From large-scale to small, riverside to oceanfront, Fort Lauderdale to South Beach, builders anticipate buyers of all demands and budgets.

252 Bal Bay Drive
Few US enclaves compete with Bal Harbour for exclusivity and few Bal Harbour homes can compete with a new property at 252 Bal Bay Drive. Set just a stone’s throw from the swanky Bal Harbour Shops, there’s a single-family listing asking a cool $36 million that offers these privileges. This 20,198-square-foot, Chad Oppenheim-designed pad has eight bedrooms, nine bathrooms and one half bath. It’s also located on a waterfront plot — just 300 yards from one of two Miami Beach inlets that join the Atlantic with the bay — and comes with its own dock. There’s also a 70-foot glass infinity pool facing the bay, which is surrounded by landscaping designed by Fernando Wong.